VIDEO: The Fed's big move and its meaning

Dec 20, 2013, 9:27 AM EST
Federal Reserve Board Chairman Ben Bernanke speaks during a news conference after a Federal Open Market Committee (FOMC) meeting December 18, 2013 at the Federal Reserve in Washington, DC. The Federal Reserve has announced that it will scale back its U.S. Treasury bonds and mortgage-backed securities buying program to $75 billion each month.
Alex Wong/Getty Images

At Ben Bernanke’s last meeting as Federal Reserve Chairman, the Fed announced it will start to gradually reduce its huge bond-buying economic stimulus program. The Fed trimmed its drastic monetary support of the U.S. economy with a clear commitment to the markets that it will keep interest rates low for some time. Blouin News' Eric Gonon explores the Fed’s move and the state of the U.S. economy at the start of 2014.

 

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